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Use the information about Grey Company shown below to answer questions 9-11. Grey uses a perpetual inventory system. On April 5th, Grey purchased merchandise on
Use the information about Grey Company shown below to answer questions 9-11. Grey uses a perpetual inventory system. On April 5th, Grey purchased merchandise on account to sell from Never Company for $25,000. The terms were 2/10 net 30. On April 8th, they returned damaged merchandise in the amount of $3,000 and were granted credit for the return. On April 12th, they paid the Never Company in full . . 9. Show the journal entry for all transactions
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